UK Borrowing Subsidiary definition

UK Borrowing Subsidiary means any Borrowing Subsidiary organized under the laws of England and Wales.
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UK Borrowing Subsidiary means any Subsidiary that is incorporated or otherwise organized under the laws of the United Kingdom or any political subdivision thereof that has been designated as such pursuant to Section 2.20 and that has not ceased to be a UK Borrowing Subsidiary as provided in such Section.
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UK Borrowing Subsidiary means any UK Subsidiary that becomes a Borrowing Subsidiary after the Third Restatement Effective Date.
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Examples of UK Borrowing Subsidiary in a sentence

  • If no currency is specified with respect to any requested Eurocurrency Borrowing, then (i) in the case of a Borrowing by the Company, a US Borrowing Subsidiary or a Canadian Borrowing Subsidiary, the applicable Borrower shall be deemed to have selected US Dollars and (ii) in the case of a Borrowing by a UK Borrowing Subsidiary, the applicable Borrower shall be deemed to have selected Sterling.

  • On or after the Effective Date, the Company may designate any Wholly Owned Subsidiary of the Company organized in the United States of America, the United Kingdom, a member state of the European Union or Canada as a US Borrowing Subsidiary, a UK Borrowing Subsidiary, a Euro Borrowing Subsidiary or a Canadian Borrowing Subsidiary, as applicable, by delivery to the Administrative Agent of a Borrowing Subsidiary Agreement executed by such Subsidiary and the Company.

  • In the case of a Loan to a Borrower who is a UK Borrowing Subsidiary, the parties shall comply with the provisions of Section 2.17(h).

  • Neither such UK Borrowing Subsidiary nor any of its ----------- assets is entitled to immunity from suit, execution, attachment or other legal process.

  • If no currency is specified with respect to any requested Eurocurrency Borrowing, then the relevant Borrower shall be deemed to have selected (A) in the case of any UK Borrowing Subsidiary, Sterling, (B) in the case of any Euro Borrowing Subsidiary, Euro, (C) in the case of any Canadian Borrowing Subsidiary, Canadian Dollars and (D) in the case of the Company and any other Borrowing Subsidiary, US Dollars.

  • If a Lender fails to indicate its status in accordance with this subsection (vi) then such Lender shall be treated for the purposes of this Agreement (including by the UK Borrowing Subsidiary) as if it is not a Qualifying Lender until such time as it notifies the Administrative Agent which category applies (and the Administrative Agent, upon receipt of such notification, shall inform the UK Borrowing Subsidiary).

  • The qualification by any Lender or the Agent for admission to do business under the laws of the United Kingdom does not constitute a condition to, and the failure to so qualify does not affect, the exercise by any Lender or the Agent of any right, privilege, or remedy afforded to any Lender or the Agent in connection with the Loan Documents to which such UK Borrowing Subsidiary is a party or the enforcement of any such right, privilege, or remedy against such UK Borrowing Subsidiary.

  • Such UK Borrowing Subsidiary has the -------------------------- corporate power and authority and legal right to execute and deliver the Loan Documents to which it is a party and to perform its obligations thereunder.

  • To ensure the enforceability or admissibility in evidence of ------ this Agreement and the Notes of such UK Borrowing Subsidiary in the United Kingdom, it is not necessary that this Agreement or the Notes of such UK Borrowing Subsidiary or any other document be filed or recorded with any court or other authority in the United Kingdom or that any stamp or similar tax be paid to or in respect of this Agreement or the Notes of such UK Borrowing Subsidiary.

  • In the case of the UK Borrowing Subsidiary, we have assumed that such entity is duly organized, validly existing and in good standing or equivalent concept under laws of its jurisdiction of organization and has the full power and authority (including, without limitation, under its Organization Documents and the laws of its jurisdiction of organization) to execute and deliver the Credit Documents to which it is party and to perform its obligations under the Credit Documents to which it is party.


More Definitions of UK Borrowing Subsidiary

UK Borrowing Subsidiary means any Borrowing Subsidiary organized under the laws of England and Wales. “ UK Loan Party ” means any Loan Party organized under the laws of England and Wales.
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Related to UK Borrowing Subsidiary

  • Borrowing Subsidiary means any Subsidiary that has been designated as such pursuant to Section 2.18 and that has not ceased to be a Borrowing Subsidiary as provided in such Section.

  • Subsidiary Borrower means, individually and collectively, as the context requires, each Subsidiary that is or becomes a “Borrower” in accordance with Section 2.22; in each case, unless and until it becomes a “Terminated Subsidiary Borrower”.

  • Subsidiary Borrowers as defined in the preamble hereto.

  • Domestic Subsidiary Borrower any Subsidiary Borrower which is a Domestic Subsidiary.

  • UK Borrower means any Borrower (i) that is organized or formed under the laws of the United Kingdom or (ii) payments from which under this Agreement or any other Loan Document are subject to withholding Taxes imposed by the laws of the United Kingdom.

  • Borrowing Subsidiary Agreement means a Borrowing Subsidiary Agreement substantially in the form of Exhibit F-1.

  • Foreign Subsidiary Borrower means any Eligible Foreign Subsidiary that becomes a Foreign Subsidiary Borrower pursuant to Section 2.23 and that has not ceased to be a Foreign Subsidiary Borrower pursuant to such Section.

  • Canadian Borrower as defined in the preamble hereto.

  • Domestic Borrower means any Borrower organized under the laws of the United States of America or any state of the United States of America.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Foreign Borrower means any Borrower that is organized under the laws of a jurisdiction other than the Unites States, a state thereof or the District of Columbia.

  • UK Borrowers shall have the meaning assigned to such term in the preamble hereto.

  • Canadian Subsidiary means any Subsidiary that is organized under the laws of Canada or any province or territory thereof.

  • U.S. Borrower means any Borrower that is a U.S. Person.

  • Foreign Borrowers means the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers.

  • Co-Borrower shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

  • Qualified Borrower means any borrower that is a sponsoring entity that has a controlling interest in the real property that is financed by a qualified loan. A controlling interest includes, but is not limited to, a controlling interest in the general partner of a limited partnership that owns the real property.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • German Borrower means (a) any Borrower that is a resident for tax purposes in Germany and (b) any Borrower in respect of which written notice is given to the Administrative Agent (by the Company) prior to that Borrower becoming a Borrower hereunder that such Borrower is resident in Germany for German tax purposes.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Canadian Borrowers has the meaning specified in the preamble to this Agreement.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Subsidiary Loan Party means each Subsidiary of the Borrower that is a party to the Guarantee Agreement.

  • Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).

  • Canadian Subsidiary Guarantor each Canadian Subsidiary of any Canadian Borrower which executes and delivers the Canadian Guarantee and Collateral Agreement, in each case, unless and until such time as the respective Canadian Subsidiary Guarantor ceases to constitute a Canadian Subsidiary of the Parent Borrower or is released from all of its obligations under the Canadian Guarantee and Collateral Agreement in accordance with the terms and provisions thereof.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.